CHAIRMAN: DR. KHALID BIN THANI AL THANI
EDITOR-IN-CHIEF: DR. KHALID MUBARAK AL-SHAFI

World / Gulf

Oman central bank to offer $20 bln extra liquidity - state TV

Published: 18 Mar 2020 - 01:19 pm | Last Updated: 06 Nov 2021 - 08:40 pm
Oman Central Bank

Oman Central Bank

Reuters

Dubai: Oman's central bank is preparing to provide some 8 billion Omani rial ($20.8 billion) in extra liquidity to banks as one of several measures aimed at supporting the economy, state TV reported, as coronavirus fears escalate in the Gulf region.

The central bank has asked banks to cut banking fees, adjust their capital and credit ratios, and allow repayment postponements for up to six months, particularly for small and medium enterprises, the state news agency said separately.

It asked to facilitate lending in sectors affected by the coronavirus, including healthcare, travel and tourism.